White Biotechnology Market Size 2021, Key Players, Regions, Top Countries, Analysis, Application and Specification, Cost Analysis, Price and Gross Margin By 2025

REPORT HIGHLIGHT

The white biotechnology market is estimated to represent a global market of USD 238.9 billion by 2017 with the growth rate of 8.9%.

Market Dynamics

Industrial applications of biotechnology hold many promises for sustainable development. Branch of biotechnology that “uses living cells- from enzymes, yeast, plants, and bacteria to synthesize novel products that require less energy consumption, easily degradable and create less waste during production” is referred as White Biotechnology. Development of this industry is, at present, driven by the growing acceptance of new technology trends such as bioprocess modeling and metabolic modeling. Furthermore, growing awareness regarding environmental and functional benefits of using biofuel in developed and developing economies is predicted to be the major driver for the growth of white biotechnology market.

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In addition, factors such as growing demand for bioplastics, favourable government policies, constant research, and innovation to develop effective and high-quality API and cost reduction in production process augment the industry growth significantly. Regulatory authorities are continually striving to improve predictability and efficiency for the future products of biotechnology through their constant efforts. Governments in the U.S., China, Brazil, South East Asia, India, and European countries have implemented several favourable policies of tax reduction and fiscal incentives to promote the white biotechnology applications. For instance, the Executive Office of the President (EOP) introduced a memorandum, on July 2, 2015, directing the primary agencies that regulate the products of biotechnology to update the Coordinated Framework for the Regulation of Biotechnology. The agency is constantly engaged in developing a long-term strategy to ensure that the Federal biotechnology regulatory system is prepared to strengthen the future landscape of biotechnology products.

Product Takeaway

Based on products, the market is divided as Biomaterials, Biofuels, Industrial Enzymes, and Biochemical. Biofuels and biochemical are the largest revenue generating segment. In 2017, these segments have captured more than 70% revenue share of the worldwide white biotechnology industry revenue. Furthermore, the unstable price of conventional fuels such as natural gas, natural oil, and coal has created a prospective opportunity for these segments.

Application Takeaway

The industry finds wide applications in food & feed additive, bioenergy, pharmaceutical ingredients, personal care, and household products. Among which, bioenergy is expected to be the leading application as it eliminates the detrimental environmental effects of fossil-based fuel. Furthermore, the pharmaceutical industry extensively employs white biotechnology in order to develop antibodies, active pharmaceutical ingredients (API), and other complex biomolecules. This segment is anticipated to capture more than 20% revenue share of the global market throughout the study period.

Regional Takeaway

Regionally, North America accounted for the highest revenue share, i.e. 35.23% of the global market in 2017. Functional efficiency, environmental sustainability coupled with easy availability of raw materials are the key factors, stimulating the regional growth. On another hand, Asia Pacific has emerged as a major player in the white biotechnology market in the recent past along with North America and Europe. A large number of developing countries in the Asia Pacific (such as India, Thailand, Philippines, Colombia, Vietnam, etc.) have implemented the law of mandatory blending of biofuel in recent years. Furthermore, many Asia Pacific countries are aiming to increase the blending limit in the coming years. This would, in turn, is predicted to stimulate the demand for biofuel in the future, driving the overall industry growth.

Key Vendor Takeaway

Key players namely BioAmber, Amyris, BASF, Codexis, Evolva, Deinove, Novozymes, Metabolic Explorer, and Solazyme are profiled extensively. These companies are engaged in manufacturing a variety of biomaterials, biofuels, biochemicals and industrial enzymes. Industry rivalry among these players is high. Companies are aggressively investing in research and development activities to expand their product offering and production capabilities, thereby sustaining their market positions. For instance, Royal DSM opened its research and technology center for engineering plastics in Pune, India recently in April 2016. The company aims to support new product and application development through such expansion.

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The market size and forecast for each segment has been provided for the period 2014 to 2025, considering 2015 as the base year. The report also provides the compounded annual growth rate (% CAGR) for the forecast period 2016 to 2025 for every reported segment.

The years considered for the study are:

Historical Year – 2014 & 2015

Base Year – 2015

Estimated Year – 2016

Projected Year – 2025

TARGET AUDIENCE

Traders, Distributors, And Suppliers

Manufacturers

Hospitals

Government and Regional Agencies and Research Organizations

Consultants

Distributors

SCOPE OF THE REPORT

The scope of this report covers the market by its major segments, which include as follows:

MARKET, BY PRODUCT

Biomaterials

Biofuels

Industrial Enzymes

Biochemical

MARKET, BY APPLICATION

Food & Feed Additive

Bioenergy

Pharmaceutical Ingredients

Personal Care

Household Products

MARKET, BY REGION

North America

U.S.

Canada

Europe

Germany

France

Rest of Europe

Asia Pacific

India

China

Rest of APAC

Rest of the World

Middle East and Africa

Latin America

About Kenneth Research

Kenneth Research is a reselling agency providing market research solutions in different verticals such as Automotive and Transportation, Chemicals and Materials, Healthcare, Food & Beverage and Consumer Packaged Goods, Semiconductors, Electronics & ICT, Packaging, and Others. Our portfolio includes set of market research insights such as market sizing and market forecasting, market share analysis and key positioning of the players (manufacturers, deals and distributors, etc), understanding the competitive landscape and their business at a ground level and many more. Our research experts deliver the offerings efficiently and effectively within a stipulated time. The market study provided by Kenneth Research helps the Industry veterans/investors to think and to act wisely in their overall strategy formulation

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